Funding you earn now, next payment 00:00 UTC−0.0295%/8h= −32.3% APRnext payment −$1.48 per $10,000 · paid last 24h −0.013%
Price spread now: Bybit against BloFin−0.214%112s7-day average −0.080% · you buy dearer than you sell
Net, funding: paid 7d − costs−$121as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1131.130% of the position
Funding, last 7 days−0.079%−$8 on $10k
+Price spread, last 3 days (all we have)−0.145%−$15 · spread now −0.214%, 7d avg −0.080%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Bybit is 0.135% cheaper against BloFin than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.080%). Swap the legs. The two prices were read 112 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.079% in total (about -4.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.48 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ALT-USDT | 0.007469 | 0.0077 | pay 0.0038% / 4h | 2h 03m | $172K | $9K | 50x |
| Short | Bybit ALTUSDT | 0.007453 | −0.0218 | pay 0.0109% / 4h | 2h 03m | $1.2M | $1.6M | 25x |
BloFin ALT-USDT
Bybit ALTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$61.97
- Price spread: −0.214% → −0.080%
- −$13.47
- Slippage, 4 orders
- −$90.01
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$188.44
- Costs to cover
- 1.130%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 11 min ago; Bybit: live order book, 3 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy BloFin live order book, 11 min ago | 2.01 bp | 28.4 bp −$28 | 71.8 bp −$718 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 4.69 bp | 33.5 bp −$34 | 135.9 bp −$1,359 | doesn't fit | doesn't fit |
ALT on 14 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ALT | −0.0297% | 4h | 0.007461 | −0.112% | $4K | $12K | — | as long as short |
| Deribit ALT_USDC-PERPETUAL | −0.0286% | 1h | 0.007462 | −0.094% | — | $0 | 25x | as long as short |
| Bybit ALTUSDTshort | −0.0218% | 4h | 0.007453 | −0.214% | $1.2M | $1.6M | 25x | |
| Injective ALT/USDC PERP | +0.0033% | 1h | 0.007381 | −1.178% | $815 | $4K | 5.5x | as long as short |
| BloFin ALT-USDTlong | +0.0077% | 4h | 0.007469 | long leg | $172K | $9K | 50x | |
| Hyperliquid ALT | +0.0100% | 1h | 0.007458 | −0.147% | $1.1M | $186K | 3x | as long as short |
| Binance ALTUSDT | +0.0100% | 4h | 0.007460 | −0.125% | $2.6M | $3.5M | 50x | as long as short |
| Gate ALT_USDT | +0.0100% | 8h | 0.007466 | −0.040% | $51K | $418K | 25x | as long as short |
| MEXC ALT_USDT | +0.0100% | 4h | 0.007462 | −0.094% | $379K | $200K | 50x | as long as short |
| KuCoin ALTUSDTM | +0.0100% | 4h | 0.007470 | +0.013% | $149K | $22K | 30x | as long as short |
Variational Omni ALT
Deribit ALT_USDC-PERPETUAL
Injective ALT/USDC PERP
Hyperliquid ALT
Binance ALTUSDT
Gate ALT_USDT
MEXC ALT_USDT
KuCoin ALTUSDTMShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ALTUSDT | +0.0100% | 4h | 0.007453 | −0.214% | $612K | $100K | 50x | as long as short |
| BingX ALT-USDT | +0.0100% | 4h | 0.007457 | −0.161% | — | $1.3M | — | as long as short |
| Kraken Futures PF_ALTUSD | +0.0201% | 1h | 0.007469 | 0.000% | $44K | $8K | 10x | as long as short |
| Coinbase International ALT-PERP-INTX | +0.0384% | 1h | 0.007486 | +0.228% | $14K | $3K | 50x | as long as short |
Bitget ALTUSDT
BingX ALT-USDT
Kraken Futures PF_ALTUSD
Coinbase International ALT-PERP-INTX